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28 Bonita Street
Arcadia CA 91006 US

$2,280,000

Active Listing ID WS24249825
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1 bed
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1.00 Bath (1 Full)
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Lot: 8,010.00 Square Feet
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Apartment

$2,280,000

Active Listing ID WS24249825
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28 Bonita Street Presenting a rare opportunity to acquire a 6-unit multifamily property, ideally situated in the heart of Arcadia. This well-maintained asset comprises of all 1-bedroom units. These units offer approximately 3, 660 square feet of rentable space on a generous 8, 008 square foot lot. The property features a laundry facility, assigned garage parking spaces, and each unit is separately metered for gas and electricity. This property presents a unique value-add opportunity with substantial rental upside. Arcadia is not subject to local rent control, allowing for maximum allowable rent increases under California's AB1482 legislation. Additionally, there is potential to enhance rental income further through the addition of an accessory dwelling unit (ADU), subject to buyer. The property's prime location is a significant draw, being close proximity to The Shops at Santa Anita mall, supermarkets, golf course, restaurants, 210 freeway access, and the Monrovia Metrolink Station. The area boasts exceptional demographics, with an average household income exceeding $120, 000 and a median home value approximately $1 million within a 1-mile radius. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Arcadia.

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Property Features

  • Facts
  • Lot Size: 8,010.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 1
  • Exterior Finish: Community Features Included: Golf, Park, Front Yard

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 2280000
  • unparsedaddress: 28 Bonita Street
  • postalcity: Arcadia
  • stateorprovince: CA
  • country: US
  • postalcode: 91006
  • bathroomsfull: 1
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.183884297520661
  • lotsizeunits: Square Feet
  • lotsizearea: 8010
  • livingarea: 3660
  • livingareaunits: Square Feet
  • listagentfullname: Jo Lin
  • listagentemail: bseanmy@gmail.com
  • listagentkey: 3yd-MRMLSCA-WS84074
  • listagentmlsid: WS84074
  • listagentpreferredphone: 6263458110
  • listagentofficephone: 6264475100
  • listofficekey: 3yd-MRMLSCA-7944
  • listagentstatelicense: 02072996
  • listofficemlsid: 7944
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1940
  • listingcontractdate: 2024-12-16
  • listagenturl: http://www.irnrealty.com
  • countyorparish: Los Angeles
  • parcelnumber: 5773019020
  • numberofunitstotal: 6
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 6
  • waterfrontyn: False
  • exteriorfeatures: Community Features Included: Golf, Park, Front Yard
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bedroom 1
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"IRN Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"bseanmy@gmail.com", "ListBrokerageCity":"Arcadia", "ListBrokerageCountry":"US", "ListBrokerageEmail":"irnrealty@irnrealty.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/110/159761/20110428113431932.png", "ListBrokerageName":"IRN Realty", "ListBrokeragePhone":"(626) 447-5100", "ListBrokeragePostalCode":"91007", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"556 W. Las Tunas Dr. #103", "ListBrokerageWebsiteUrl":"http://www.irnrealty.com", "ListOfficeAddress1":"556 Las Tunas Dr. # 101", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"a37733", "ListOfficeCity":"Arcadia", "ListOfficeCountry":"US", "ListOfficeEmail":"irnrealty@irnrealty.com", "ListOfficePostalCode":"91007", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Arcadia, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/28-Bonita-St_Arcadia_CA_91006_M19854-11615?f=listhub&s=MRMLSCA&m=WS24249825&c=rexren", "MLSModificationTimestamp":"2024-12-16T11:48:44Z", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 12/20/2024 5:10:15 AM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Jo Lin, IRN REALTY, bseanmy@gmail.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.